Investors' Soapbox AM

Five Utilities Picks for 2014

Credit Suisse cites CMS, American Electric, NextEra and two others.

January 3, 2014

Credit Suisse

Entergy and Consolidated Edison closed 2013 with somewhat disappointing returns on equity at the 9.2%-9.3% level (less a surprise for ConEd), marking the end of rate cases in 2013 that produced another year of lower allowed ROEs with the simple average at 9.82% in 2013 versus the 10.01% in 2012.

While lower ROEs are disappointing, we can't say they are entirely unexpected as regulators play catch-up in a lower...